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![handle is hein.usccsset/usconset22649 and id is 1 raw text is:
81ST CONGRESS HOUSE OF REPRESENTATIVES REPOI
0d Session No. 1802
FOREIGN ECONOMIC ASSISTANCE
MARCH 22, 1950.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. KEE. from the Committee on Foreign Affairs. submitted the
following
REPORT
To accompany H. R. 7797]
The Committee on Foreign Affairs, to whom was referred the bill
(H. R 7797) to nrovidle foreign economic as5istence, having con-
sidered the same, report favorably thereon without amendment and
recommend that the bill do pass.
THE CONTENT OF THE BILL
The content of the bill was developed by the committee over a
long period beginning in the first session. It brings within the com-
pass of one piece of legislation all authorizations for economic
assistance for other areas contemplated for the fiscal year 1951.
The first title of the bill embodies the Economic Cooperation Act
of 1950 and relates to programs administered by the Economic
Cooperation Administration.
The principal one of these is the European recovery program.
This is dealt with in section 102 of the bill. The amount authorized
for the next fiscal year is $1.950.000 000 The use of an unused
balance from previous appropriations would also be authorized.
This balance is expected to amount to approximately $149,000,000.
The bill would also authorize use in the European recovery program
of $1,000,000,000 worth of surplus agricultural commodities to be
acquired from the Commodity Credit Corporation.
The second of these is a program for economic assistance to non-
Communist areas of China and in other countries in the general area
of China, including a continued and expanded program for assisting
selected expatriate Chinese, principally students, who are in a neces-
sitous position because of the Communist domination of the Chinese
mainland. These items are dealt with in section 103 of the bill.](ViewImageLocal?handle=hein.usccsset/usconset22649&div=1&collection=&method=preview&ext=.png&size=3)